Under Armour (NYSE:UAA) Shares Up 3.9% - Should You Buy?

Under Armour, Inc. (NYSE:UAA - Get Free Report)'s share price rose 3.9% on Wednesday . The company traded as high as $6.56 and last traded at $6.60. Approximately 511,773 shares were traded during trading, a decline of 95% from the average daily volume of 11,171,521 shares. The stock had previously closed at $6.35.

Wall Street Analyst Weigh In

UAA has been the subject of several analyst reports. KGI Securities began coverage on shares of Under Armour in a report on Friday, March 7th. They issued a "neutral" rating and a $7.40 price target for the company. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $10.00 price target on shares of Under Armour in a report on Thursday, February 6th. StockNews.com raised Under Armour from a "sell" rating to a "hold" rating in a report on Thursday, March 20th. UBS Group lowered their target price on shares of Under Armour from $16.00 to $15.00 and set a "buy" rating on the stock in a research note on Tuesday, January 28th. Finally, Evercore ISI dropped their price objective on shares of Under Armour from $8.00 to $7.00 and set an "underperform" rating for the company in a report on Monday, February 10th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $9.06.

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Under Armour Stock Down 1.9 %

The firm has a market cap of $2.22 billion, a PE ratio of -17.67 and a beta of 1.49. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01. The company's 50-day simple moving average is $7.05 and its two-hundred day simple moving average is $8.25.

Under Armour (NYSE:UAA - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.05. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. During the same period last year, the company posted $0.19 EPS. On average, analysts predict that Under Armour, Inc. will post 0.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Under Armour

Several hedge funds have recently added to or reduced their stakes in UAA. Empowered Funds LLC bought a new position in Under Armour in the 4th quarter worth about $412,000. Teacher Retirement System of Texas bought a new position in shares of Under Armour in the fourth quarter worth approximately $313,000. Fox Run Management L.L.C. increased its position in shares of Under Armour by 215.1% during the fourth quarter. Fox Run Management L.L.C. now owns 68,596 shares of the company's stock valued at $568,000 after acquiring an additional 46,828 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Under Armour by 11.8% in the 4th quarter. Bank of New York Mellon Corp now owns 1,431,487 shares of the company's stock valued at $11,853,000 after acquiring an additional 150,958 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Under Armour by 1.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,815,640 shares of the company's stock valued at $39,873,000 after purchasing an additional 84,802 shares during the last quarter. 34.58% of the stock is owned by institutional investors.

About Under Armour

Under Armour, Inc, together with its subsidiaries, engages developing, marketing, and distributing performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.